NHPC Targets Rs 8,900 Cr Revenue from Operations in FY21

State-run hydro power giant NHPC said that it is eyeing its revenue from operations of Rs 8,900 crore and electricity generation of 27,500 million units (MUs) in the current financial year.

In this regard, a Memorandum of Understanding (MOU) was signed between Power Secretary Sanjiv Nandan Sahai and A K Singh, Chairman and Managing Director, NHPC for FY 2020-21, in the presence of Tanmay Kumar, Joint Secretary (Hydro), Ministry of Power, Y.K. Chaubey, Director (Technical), NHPC and Harish Kumar, Executive Director, NHPC and other senior officers from MOP and NHPC.

As per the signed MOU, generation target for NHPC under ‘excellent’ rating has been set as 27,500 MUs as against last year target of 26,000 MUs.

Also, excellent targets for revenue from operations (Net) has been kept as Rs 8,900 crore, operating profit as a percentage of revenue from operations (Net) has been kept as 38 per cent.

Further, the capex target to ensure optimum utilisation of budget, targets regarding trade receivables, reduction in claims against the company not acknowledged as debt over previous year on overall basis and percentage of procurement of goods and service through GeM portal to total procurement of goods and services during the previous year etc have been included in the MOU.

In addition, milestones in respect of restoration of Unit 1 and Unit 2 of Chamera-II Power Station and assets monetization parameters have also been included in the MOU.